The price of GBP/JPY is moving inside an ascending channel and has recently rebounded from a support level around 197.06. If the bullish momentum continues, we may see the price test 197.65 and potentially reach 198.10. However, if the price breaks below 196.41, this bullish idea may be invalidated.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.